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Nov 6, 2012
11/12
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CNBC
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can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either can
can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the...
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Nov 19, 2012
11/12
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CNBC
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we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today. cnbc looked at a portfolio of etfs that correlate with the moves in the market on the fear of hitting fiscal cliffs in particular sectors, including etfs that short stocks, negative bets on the market, like the ultrashort s&p eft. down all year, its been a gainer since the election. consumer shorts, technologies, financials have been gainers since the election, until today. with more conciliatory talk coming from the white house and congressional leaders over the weekend, investors are showing more optimism maybe we will avoid the cliff.
we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today....
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Nov 10, 2012
11/12
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WTTG
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we can't go over that fiscal cliff. both sides got that message, so they really have to work together. you don't have to give up everything you believe in, but you do have to at least give up something, though. >> maybe you agree on this. of time there's a problem, social security, med -- every time there's a problem, social security, medicare, the fiscal cliff, you come in and say we want higher taxes. higher taxes is part of the solution for everything you advance. >> it's fairness. >> but it won't be fairness if you keep doing it over time. america has already been down this road. >> let me ask you if boehner is leaving up the possibility of revising the tax code to raise revenue, do you see that as a good sign here? >> i do. let me say the president has some leverage because if congress doesn't act which often the default because there is such gridlock, these bush tax cuts will expire. there need to be some sort of deal. the republicans want to keep these bush tax cuts, so they really want a deal. if there's no deal
we can't go over that fiscal cliff. both sides got that message, so they really have to work together. you don't have to give up everything you believe in, but you do have to at least give up something, though. >> maybe you agree on this. of time there's a problem, social security, med -- every time there's a problem, social security, medicare, the fiscal cliff, you come in and say we want higher taxes. higher taxes is part of the solution for everything you advance. >> it's...
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Nov 6, 2012
11/12
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CNBC
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you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money. >> paul, how do you see it? how do you want to invest knowing what we know today? >> i think tomorrow's a telling reaction. if we're looking in the short term, i think the move we have tomorrow and on thursday probably continues through the next week or two. i do believe that i'll be counter to most in our field. i think if romney wins, and i've got my red elephant tie on, but i think if romney wins, we're going to see a 2% to 5% selloff by thanksgiving. i think if president obama's re-elected, we're going to have a much stronger rally in th
you still have the fiscal cliff coming up. you still have to get clarity on health care, on taxes, on regulations. are we going to get it? we're going to need the senate and the congress at the same time. but companies aren't going to hire until we get clarity on those four issues. so emotionally, people would think, well, if mitt becomes president, maybe we'll get clarity. if president obama stays in office, well, then, we'll have gridlock for the next four years so don't move your money....
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Dec 24, 2012
12/12
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WUSA
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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Dec 14, 2012
12/12
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CNBC
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so that's what it will look like if we fall off the fiscal cliff. i'm talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p sinking .63%. nasdaq, plunging .72%. because now it's dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember -- do you remember the debt ceiling nightmare last year? going to those horrendous talks last summer, everybody felt very confident that the president and congress weren't really at loggerheads. market was almost at its high. pretty good, vix low. then like now, we heard that the discord was only political posturing. the stock market forwarded ahead, and the complacency was thick and more people worried about missing a move up rather than talks break down and we might actually default. every time we heard m
so that's what it will look like if we fall off the fiscal cliff. i'm talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p sinking .63%. nasdaq, plunging .72%. because now it's dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be...
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Nov 9, 2012
11/12
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CNBC
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fiscal cliff needs a solution. i'm trying to offer one. "mad money" will be right back. [ applause ] >> coming up, testing positive? the market's taken a turn for the worse but cramer is researching ways to keep you in the green. tonight he's conducting some tests. find out if it could give your portfolio a shot in the arm. >> and later, american service? when ever you think of controversial ceo, his turn around of the too big to fail aig seems indisputable. cramer sits down with him to hear about challenges and victories. how he has brought his military experience to the boardroom and what is next for the insurance giant. >> plus two american presidents, 18 astronauts, over 200 years of history. the cadets of west point have arrived is cramer ready for his head to head with the black knights? stick around, you're about to find out. >> don't miss a second of "mad money." have a question? tweet cramer. send jim an e-mail to mat money@cnbc.com or give us a call at 800-743-cnbc. miss something? head to madmoney.cnbc.com. if we want to improve
fiscal cliff needs a solution. i'm trying to offer one. "mad money" will be right back. [ applause ] >> coming up, testing positive? the market's taken a turn for the worse but cramer is researching ways to keep you in the green. tonight he's conducting some tests. find out if it could give your portfolio a shot in the arm. >> and later, american service? when ever you think of controversial ceo, his turn around of the too big to fail aig seems indisputable. cramer sits...
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Dec 29, 2012
12/12
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FBC
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not. you are between three and $4 a gallon. it is not just about melt. this is a food cliff. we talk about the financial cliff. keep in mind, we're
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year...
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Nov 5, 2012
11/12
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CNBC
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we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they go up, do you think? people are worried about didividend taxes, 43%, which is where they'll go if they don't do anything about it by the end of the year. 15% to 43%. that sounds like a major ouch for this market. >> to me that seems like it's going to happen. i would say 20 plus, 22%, 23%. income back to the clinton era, 39.6%. i don't know where they're getting 43% from. >> that's where it was. when the bush tax cuts expire it goes to 43%, unless they change that. >> you may not get in the lame duck session a big deal done, but if you find $60 billion, that saves you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capital gains similar -- >> yeah, similar to that range, 20% to 22%. >> is that priced in or is that an upset to the market? >> no, it's clearly priced in. the ceo report just came out th
we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they go up, do you think? people are worried about didividend taxes, 43%, which is where they'll go if they don't do anything about it by the end of the year. 15% to 43%. that sounds like a major ouch for this market. >> to me that seems like it's going to happen. i would say 20 plus, 22%, 23%. income back to the clinton era,...
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Nov 8, 2012
11/12
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CNBC
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the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some sort of resolution. the fact is, these are real concerns. the market needs a good gut-wrenching down right now. >> we're getting it right now. down 100 points on the industrial average. so now we are setting lows for the session. now the s&p is below its 200-day moving average, which was at 1380 and change. you think we continue this tomorrow? we have one more day to go this week. >> if i'm somebody looking to get in, i'm looking at my portfolio. i'm looking at the dogs i've got. i'm thinking about maybe, you know, starting to get a little bit of
the road and push the fiscal cliff off. just like last august with the debt ceiling, it's going to get messy. i think we're going to be in a period of volatility. >> are we kidding ourself when is we say that europe is a big part of this decline because of the debt crisis? are we ignoring the fiscal cliff to some degree? >> i don't think we're ignoring it now. i think we were ignoring it for a good, long time. i'm not an optimist, but i'm a realist. i do believe there will be some...
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Dec 9, 2012
12/12
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WBAL
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that will upset the rest of america but most consumers, they say fiscal cliff. >> what's the fiscal cliff. >> i don't know what that is. >> you are right. the business community is sitting on its cash, wall street waiting on every word and consumer as if nothing. but you know it comes home to roost. good to have you on the program. thank you so much. >> nice to see you. >>> american cars zooming along. some of the best news for the auto sector in years. what it means for your set of wheels. >>> living with lions, julie taymor with me on one of broadway's biggest payoffs as it marks a milestone. back in a moment. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ ke a closer look... ...at the best schools in the world.
that will upset the rest of america but most consumers, they say fiscal cliff. >> what's the fiscal cliff. >> i don't know what that is. >> you are right. the business community is sitting on its cash, wall street waiting on every word and consumer as if nothing. but you know it comes home to roost. good to have you on the program. thank you so much. >> nice to see you. >>> american cars zooming along. some of the best news for the auto sector in years. what it...
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Nov 7, 2012
11/12
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WTTG
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the democrats and republicans can't agree the country could fall over a so-called fiscal cliff. and that would trigger tax hikes and spending cuts triggers over 600 to $800 billion next year. democrats say the election is over and so should the stalemate. >> i am going to do everything within my power to be as copciliaitory as possible. i want to work together. i want everyone to understand you can't push us around. >> reporter: republicannings warning 53 day automatic sequestration defense cuts could lay off thousands of new yorkers, many in virginia. the gop blocked president obama's campaign promise to raise taxes on wealthier americans. new the house speaker john boehner said old differences should not block new compromise. >> if there is a mandate in yesterday's results, there is a mandate to work on the solutions as the challenges in the nation. my message is not one of confrontation but one of conviction. >> reporter: the big question facing capitol hill now is if the president's re-ish lick victory gives him new leverage with congress or if the same old tug of war remain
the democrats and republicans can't agree the country could fall over a so-called fiscal cliff. and that would trigger tax hikes and spending cuts triggers over 600 to $800 billion next year. democrats say the election is over and so should the stalemate. >> i am going to do everything within my power to be as copciliaitory as possible. i want to work together. i want everyone to understand you can't push us around. >> reporter: republicannings warning 53 day automatic sequestration...
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Dec 6, 2012
12/12
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MSNBC
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wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains a
wa wall street is saying about the fiscal cliff. plus kate out of the hospital but is she out of the woods. she's out of the hospital after battling a treatment for severe morning sickness. we get a report from london straight ahead. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day!...
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Dec 29, 2012
12/12
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FBC
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that i
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could...
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Dec 29, 2012
12/12
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FBC
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>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagree about the causes. that is when we extended tax cuts do so wealthy idividuals in 2001 and three did not need them and then we saw an incredible decrease in revenue as a reslt of wal street tanking our eonomy in the 2008 economic downturn. it's not an issue so much of expanding -- expanded spending. spending is not a control. what is appening isrevenue has declined. we need to not only increase the rev
>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be...
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Dec 29, 2012
12/12
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FBC
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well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guessam on the naughty list again? ho ho ho! pizza hut's $10 any pizza on deal is back.ist again? any pizza, toppings, sis. ...ten bucks. the meat lover's pizza. ...ten bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committ
well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet?...
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Dec 18, 2012
12/12
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FOXNEWSW
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crunch time at the capitol and the fiscal cliff and how to avert it. there was a offer from the president that signals mr. obama is prepared to give a little bit on his insistence raising taxes on wealthy americans. that jumped from incomes of 250,000 and above to 400. democrats say a big, big move by the president. whether or not that will actually go over with republicans particularly in the house is very, very open question. they're meeting as we speak over on the house side. mr. boehner and his leadership team are going to go over the details of this latest offer from the administration with rank-and-file house republicans. the unified republican leadership is key here. thus far boehner had the gop pretty much behind him. the speaker, his majority leader eric cantor, his whip, kevin mccarthy and budget chairman paul ryan have been very, very strongly locked in arms as they're negotiating with the president giving boehner an opportunity to go down there and saying what could be a feasible deal or not. there is lot of skepticism among those leaders a
crunch time at the capitol and the fiscal cliff and how to avert it. there was a offer from the president that signals mr. obama is prepared to give a little bit on his insistence raising taxes on wealthy americans. that jumped from incomes of 250,000 and above to 400. democrats say a big, big move by the president. whether or not that will actually go over with republicans particularly in the house is very, very open question. they're meeting as we speak over on the house side. mr. boehner and...
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Dec 6, 2012
12/12
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CNBC
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we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing
we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it...
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Nov 27, 2012
11/12
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FBC
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Dec 18, 2012
12/12
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WUSA
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that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the time for congress to turn its backs on us. >> reporter: several thousand people came together at the upper senate park to add their voices to the discussion. >> we are here today to demand that our government works for us. >> reporter: the rally was organized by several progressive political groups and labor unions. >> so many of us are already dangling on our very own fiscal cliffs. >> reporter: speaker after speaker hammering home the same points. >> we are here to fight for a good deal for america's families and for students. >> reporter: that fiscal cliff negotiations cannot result in cuts to social security, medicare, or me
that's instead of the $250,000 threshold he had campaigned on. >>> the fiscal cliff negotiations were very much on the minds of a few thousand people who gathered today right next to the capitol as matt jablow tells us their voices were loud and their message was clear. >> reporter: in the shadow of the nation's capitol. >> amen. >> reporter: where talks couldn'ted today to to avow -- continue today to try to avoid the so-called fiscal cliff. >> now is not the...
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Nov 10, 2012
11/12
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WUSA
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that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing that saved northern virginia during the recession could now be its downfall. >> reporter: schools in northern virginia could take a hit if virginia cuts budgets to offset the fiscal cliff. governor mcdonnell's office directed agencies to identify potential cuts of 4%. 14% of the fairfax county school budget comes from the state. drainsville supervisor john foust says any cut co-that would hurt. >> we're going to be -- to that would hurt. >> we're going to be concerned about any cut in funding given how tight our budget is. >> reporter: like the state fairfax county asked its departments to also prepare for t
that fiscal cliff is a combination of some automatic spending cuts and tax increases and economists say the country will be plunged into another recession if lawmakers don't do something by january 1st. mr. balm and speaker boehner are scheduled to meet at the white house next week. >>> because of that impending financial doom and gloom virginia's governor bob mcdonnell ordered state agencies to look into cutting their budgets by 4% and as reporter peggy fox explains, the same thing...
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Dec 6, 2012
12/12
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KRCB
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businesses are looking ahead, and they're thinking with increased taxes, because of the fiscal cliff, if the worst happens, consumer demand is just going to fall off. they are already ting action today to try to prepare for that eventuality. but the consumer is kind of blankly ignoring this, and confidence is up for really lots of reasons. i mean, the net worth of households has been repaired. about two-thirds of it has come back as house prices rise and stock prices are now double what they were at the bottom in march of '09. when you look at state and local budgets, they're now much better with revenue rising. so theayof and budget cuts, we think are waning, if not over. housing is clearly coming back. things are improving and consumer confidence reflects that. >> tom: but there is that dark cloud of the fiscal cliff. you mentioned it earlier, businesses planning for consumer confidence to go off that cliff if we go off it as a country. do you not agree with that prospect? >> well, no. i believe it will -- if nothing happens and there is no agreement, i think there will be a mild, k
businesses are looking ahead, and they're thinking with increased taxes, because of the fiscal cliff, if the worst happens, consumer demand is just going to fall off. they are already ting action today to try to prepare for that eventuality. but the consumer is kind of blankly ignoring this, and confidence is up for really lots of reasons. i mean, the net worth of households has been repaired. about two-thirds of it has come back as house prices rise and stock prices are now double what they...
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Dec 24, 2012
12/12
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CNNW
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apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after midnight. he was stopped for running a red light and charged with driving under the influence. senator crapo has issued an apology. he was released on $1,000 bond and he has a court date. >>> christmas, two days away, and for much of the country it's going to be a white one. heavy snowfall has blanketed several states, in the mountains of california up to five feet of snow is expected. snow is also falling back east as well. lake-effect snow has blanketed areas around cleveland and buffalo. high winds are threatening to delay flights at airports in new york, philadelphia and washington. >>> i ha
apparently a fiscal cliff solution is not wrapped up as a gift under your christmas tree. lawmakers are home for the holidays. house speaker john boehner is in ohio, president obama is in his native hawaii. you'll hear about a last ditch effort that may happen after the holiday. that story just a few moments away here as well. >>> a united states senator was arrested for drunk driving early sunday morning. idaho republican mike crapo was taken to jail in alexandria, virginia, after...
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Dec 5, 2012
12/12
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. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boost safety and productivity. >> reporter: three years ago, this long island hospital had a problem: healthcare workers weren't cleaning their hands as often as required. >> 100,000 people die each year in the united states fr
. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again.at but a big drop in apple shares kept the nasdaq fromains.. by the closing bell, the dow was up 82 points, the nasdaq down 23, the...
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the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerri: he said the reelection of the president is not a mandate to raise taxes. this is a huge debate. can they come together? >> i believe we can seize the future together. we're not as divided as our po
the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get...
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Dec 29, 2012
12/12
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WUSA
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senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 -- seven teams who embody the spirit of the zone. >> they have nothing and we ask for so much, and they ask for so little. captioning sponsored by cbs this is the "cbs evening news." >> good evening. jim axelrod is off tonight. i'm rebecca jarvis. with just two days left, senate leaders are still struggling to put together a last minute bp deal ahead of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in priv
senate leaders try to craft a compromise to avoid the fiscal cliff. wyatt andrews is on capitol hill. what happens if there's no deal? john bentley has the fallout at the airport. >> they're putting a bunch of huge and ugly potholes on a road that was supposedly going to get us to economic recovery. >> the northeast gets walloped by another winter storm. and in the west, wet weather rewrites the forecast in california. and meet the burrito boys, ben tracey introduces us to 17 --...
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Nov 6, 2012
11/12
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CNBC
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the move today then with the fiscal cliff looming further out? >> i would actually be a certain into today as the market push a little higher, i would be a searle, back down at the 14, 1410 level, where i think it is going to test. we will see you later as well. we have so many people on the show today. see you later, kenny. ty, back to you. >> sue, thank you. at this point it is all about the math adding up, which side can get more of their supporters to the polls in the key states that matter? there are about ten of them. the race is to 270 electoral votes, that is. check in with our resident math teacher, john har wood is at the map. >> you don't need calculus for this, just look at the map we've got. when you take the states that are leaning or firmly in the camp of each candidate, you can see they are all filled in red or blue expecept for a few, 237 electoral votes for obama, 191 for mitt romney, you need 270 to become president. now, what is the shortest path for mitt romney to overcome the swing state legion and get to 270 electoral votes
the move today then with the fiscal cliff looming further out? >> i would actually be a certain into today as the market push a little higher, i would be a searle, back down at the 14, 1410 level, where i think it is going to test. we will see you later as well. we have so many people on the show today. see you later, kenny. ty, back to you. >> sue, thank you. at this point it is all about the math adding up, which side can get more of their supporters to the polls in the key states...
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Dec 30, 2012
12/12
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KPIX
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government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could s
government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >>...
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Dec 7, 2012
12/12
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WUSA
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this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts and emergency unemployment benefits were originally passed on a temporary basis. the thinking was that the economy would be in much better shape by now and the policies could expire without causing a recession. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> i'm colonel will bourn stationed in kabul afghanistan. i'd like to send out a many are rei christmas to my wife and family and -- merry christmas to my wife and family in northern virginia. >>> we are gearing up for a
this is a 9 news fiscal cliff note. fact, if congress and the white house don't reach an agreement, your paycheck is going to go down. the reason? because the tax withholding in your paycheck is going to increase. here's the back story. the current payroll tax cut is set to expire december 31st. in dollars and cents this means that your payroll tax withholding is going from 4.2% to 6.2%. now why is this happening? many of the policies expiring at the end of the year like the payroll tax cuts...
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Dec 15, 2012
12/12
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KRCB
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, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for understandable reasons, if they dig in their heels there is real fiscal drag involved, we don't think that is is that is the likely scenario, we think it is much more likely they downsize the size of the cliff and maybe knock half of it off and work on the rest in early 2013, but the more important thing, tom, i think is the secular things they can do in first half of 2013 to improve the trajectory of what we are doing with our entitlement programs and with tax reforms, and if they do that, that is what i mean by looking through the cliff, if those things happen, 200013 could set up and trigger a lot of good catalysts not just in the u.s. but around the world. >> yes that's the big enchilada you are talking about with entitlement reform and tax reform, what lies beyond the cliff or for that matter, you know, what with relooking at in terms of the economy beyond it? >> well, ithink if you look at three big factors, tom, europe has gotten better
, but i think you do have to sort of look beyond the fiscal cliff, not just to the fiscal cliff. there is a lot of obsession about it for understandable reasons, if they dig in their heels there is real fiscal drag involved, we don't think that is is that is the likely scenario, we think it is much more likely they downsize the size of the cliff and maybe knock half of it off and work on the rest in early 2013, but the more important thing, tom, i think is the secular things they can do in...
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Nov 7, 2012
11/12
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FOXNEWSW
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what about the approaching fiscal cliff? will we walk up to the precipice and stop or jump over to economic black hole? take a deep breath. here we go again. jim angle has details. >> reporter: the fiscal cliff was crafted to be so distasteful, the officials would do anything and everything to avoid it, which did not work. >> we could be in a recession next year and it could decrease size of the economy. >> fiscal cliff is $440 billion of taxes and $200 billion of spending cuts. going over the full fiscal cliff is recipe for recession. >> not the way mr. obama wants to begin the second term. the fiscal cliff and simultaneous cancer jens of tax increases an spending cuts will wreak havoc with the economy. spending cuts for instance take $2.10 trillion in ten years. >> these are big cuts, 10-14% in programs quarter of the way through the fiscal year. that is bad policy and dangerous. >> the biggest stumbling block is tax increases, everyone wants to extend the bush tax cuts for those making less than $250,000 a year. the presi
what about the approaching fiscal cliff? will we walk up to the precipice and stop or jump over to economic black hole? take a deep breath. here we go again. jim angle has details. >> reporter: the fiscal cliff was crafted to be so distasteful, the officials would do anything and everything to avoid it, which did not work. >> we could be in a recession next year and it could decrease size of the economy. >> fiscal cliff is $440 billion of taxes and $200 billion of spending...
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Nov 16, 2012
11/12
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CNBC
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it's a turnaround story so people aren't connecting that with fiscal cliff. they're not connecting that with global growth just now. she's done an excellent job and people putting in a name like that. >> there's yahoo! shares highs of the day today, as well. wow. moving to their highest levels in an awfully long time based on that year to date chart. all right. much more on the way. we'll have many more trades as we watch the markets move higher. plus, hitting another cliff hanger trade. stocks that could offer big payouts before the end of the year. would apple be one of them? as some suggest they should do. more up next. the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites be
it's a turnaround story so people aren't connecting that with fiscal cliff. they're not connecting that with global growth just now. she's done an excellent job and people putting in a name like that. >> there's yahoo! shares highs of the day today, as well. wow. moving to their highest levels in an awfully long time based on that year to date chart. all right. much more on the way. we'll have many more trades as we watch the markets move higher. plus, hitting another cliff hanger trade....
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Dec 1, 2012
12/12
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FOXNEWSW
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Dec 29, 2012
12/12
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MSNBCW
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so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republican
so where do fiscal cliff talks stand at this critical hour? nbc's kristen welker is on the north lawn and luke russert are both following developments this saturday afternoon. kristen, i'll start with you. any indication at this particular point as to what's happening behind closed doors this afternoon? >> reporter: well, i think most of the action is going on in the hill where staffers with majority leader reid and minority leader mcconnell are trying to conjure up some last-minute deal...
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Nov 9, 2012
11/12
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WUSA
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cliff will mean. when the state cuts, it's local governments that get hurt and they cut. >> thank you, gary. tomorrow we'll hear from one guy would may be able to do something about those cuts. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffords in the head and killed six others will spend the rest of his days behind bars. giffords faced her shooter. he told loughner, you tried to create world as dark as yours but you failed. kelly added, you may have put a bullet through her head, but you haven't put a dent in her spirit. giffords' aid ron bear bar was also wounded. he served out the rest of the congresswoman's term. >> i turned to mr. loughner and said, i hold no hatr
cliff will mean. when the state cuts, it's local governments that get hurt and they cut. >> thank you, gary. tomorrow we'll hear from one guy would may be able to do something about those cuts. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal...
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Dec 8, 2012
12/12
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KQED
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. >> i think the fiscal cliff ultimately will be rendered into a fiscal slow. between now and then the uncertainty is paralyzing ceo companies from big to small. you can see in the core capital goods orders which have basically fallen off in the last two quarters indicative of holding that business investment and hiring back which we think will change once we have some certainty brought into that equation. >> tom: finally housing which has shown remarkable stability in several markets but there's talk about limiting mortgage deductions with the fiscal cliff negotiations sometime next year. couldn't that impact the recovery? >> it could. obviously it might be relegated to more affluent households in terms on of the ability to do a deduction either in full or part. tend of the day there's a large household informq.rjz that's occur that's going to drive perspective homeowners into the market regardless. >> tom: let's get to the pic3sb here. you do like housing stocks with the home builders etf. what do you anticipate. they've had a nice run already. >> they've bee
. >> i think the fiscal cliff ultimately will be rendered into a fiscal slow. between now and then the uncertainty is paralyzing ceo companies from big to small. you can see in the core capital goods orders which have basically fallen off in the last two quarters indicative of holding that business investment and hiring back which we think will change once we have some certainty brought into that equation. >> tom: finally housing which has shown remarkable stability in several...
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Nov 8, 2012
11/12
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the "wall street journal" "focus moves to the fiscal cliff." "the new york times" "back to work, obama greeted by looming fiscal crisis." the "financial times," this morning, rex ryan wins? a new players poll that ranks him as the most overrated coach. his two quarterbacks recently received similar honors. steven colbert can barely drag himself out of bed after the election. we'll get a report o from richard engel on how the rest of the world is reacting to our presidential election. all that when the penultimate "way too early" comes right back. >>> to all americans i say that the next four years are going to be difficult and challenging years for us all. the election may have been a close one, but i think that there is general agreement by all of our citizens that a supreme national effort will be needed in the years ahead to move this country safely through the 1960s. [ male announcer ] do you have the legal protection you need? at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a busines
the "wall street journal" "focus moves to the fiscal cliff." "the new york times" "back to work, obama greeted by looming fiscal crisis." the "financial times," this morning, rex ryan wins? a new players poll that ranks him as the most overrated coach. his two quarterbacks recently received similar honors. steven colbert can barely drag himself out of bed after the election. we'll get a report o from richard engel on how the rest of the world is...